Exxon Mobil Corp. (NYSE: XOM) made two additional discoveries offshore Guyana, the company said Feb. 6, bringing the total number of discoveries on the Stabroek Block to 12.
The discoveries at the Tilapia-1 and Haimara-1 wells build on the previously announced estimated recoverable resource of more than 5 billion barrels of oil equivalent on the Stabroek block operated by Exxon Mobil with partners Hess Corp. (NYSE: HES) and CNOOC Ltd. (NYSE: CEO).
The Tilapia-1 well encountered about 93 m (305 ft) of high-quality oil-bearing sandstone reservoir. The well was drilled to a depth of 5,726 m (18,786 ft) in 1,783 m (5,850 ft) of water. The other discovery was at the Haimara-1 well, which encountered about 63 m (207 ft) of high-quality, gas-condensate bearing sandstone reservoir. The well was drilled to a depth of 5,575 m (18,289 ft) in 1,399 m (4,590 ft) of water.